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BUSINESSES FOR SALE

If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

Businesses For Sale   >>   Food and Beverage Businesses For Sale Categories   >>   

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Ranch House Restaurant In Ojai, Including Property For Sale

Location  California,United States
Asking Price Range  < $250K
Gross Revenues  $909678
Net Profit / Cash Flow  $38785
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1956
Number of Employees  20 - 34
Inventory  $120000
Relocatable  No
Number of Employees  20 - 34
Real Estate  Owned
Training  Included in the sale are six weeks of training, at 20 hours a week, by the current owners. Owners may be open to additional training and/or transition responsibilities at a reasonable mutually agreed upon compensation.
Reason for Sale  Husband and wife owners are divorcing, which is prompting the sale.
Description  Known for its spectacular natural setting, The Ranch House is one of the most beautiful environments in Southern California, the perfect place to have a romantic dinner or host a special gathering. The lush garden setting bursting with color, the peaceful meandering streams and the award-winning cuisine combine to create a warm atmosphere that has made The Ranch House one of Ojai's most desired restaurant and event locations. Popular garden sites include an oriental tea house, the rose garden, or two elevated redwood decks overlooking the restaurant ground. The business is priced to sell at less than one times current earnings plus inventory. The real estate, which is packaged with the business, consists of two adjacent parcels totalling nearly 2/3 of an acre, is for sale for $755,000, significantly below a recently appraised value, making the entire acquisition, including the business and the real estate available for $980,000. The business and real estate are being sold together, with each contingent upon the sale of the other.
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